Financing Tips for Your Bakery

  • 24 December 2015

If you’re thinking about starting your own bakery business, whether it’s a small retail shop or a larger operation, you want to consider your financing options. Here are four types of funding worth investigating to help get your business moving:

Government Incentives

If you have flexibility with your business location, you can investigate different community incentives before making your final decision. Government incentives can help reduce operating costs, as well as long-term overhead. If you haven’t explored this option, reach out to your town or city offices and ask them what services they have in place for economic development. Inquire about tax reductions, utilities assistance and building options.

A place to start:

The U.S. Small Business Administration (SBA) offers a wide variety of resources to help get your business started. The website has a Loans and Grants Search Tool that can help guide you to government resources about financing your business.

Other avenues to explore:

Bank Loans

Many banks offer loans for small businesses. Contact your bank to see if a business loan is the right choice for you. Many banks also offer business lines of credits and other resources to help find the right option for you and your business.


Have you thought about finding an investor or group of investors to help finance your company? Before contacting an investor, be sure to do your research and have the numbers and information to back your business. Investors will want to see progress and will be doing research and investigation into your business plan. Investors want something in return, which often includes owning part of your business.


Websites such as have grown in popularity lately and prove to be an effective way to raise money. The site works best on low cost creative projects and even has a food category. Once you create and start your project, your friends, family and users of the internet can donate money. Crowdfunding is a creative way to get funding, but it’s important to know that it isn’t about long-term funding as the site limits projects to 60 days. Since the site launched in 2009, 9.7 million people have backed a project, with other $2 billion being pledged, resulting in 94,345 projects being successfully funded.

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